Fire Extinguished at Aramco Facility in Jazan
Saudi Arabia's Ministry of Energy announced the extinction of a fire that broke out at an Aramco facility in Jazan. According to a post on the X platform, the fire was extinguished by Aramco's industrial security fire teams without any injuries.
Incident Details
The incident occurred at one of the facilities of Aramco's refinery in Jazan, and the ministry did not disclose the cause of the fire.
Aramco is the largest oil company in the world, producing 12% of global oil production.
Context
Saudi Arabia and Kuwait have the ability to produce a barrel of oil at a low cost, with a cost of only $9.90.
This reflects the large losses incurred by other countries and companies due to market fluctuations and the decline in global oil prices.
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